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Huobi Terminates CNY Trading And Transforms Into An Media Outlet

October 31th news, Huobi China (Huobi) issued an announcement about they would terminate CNY trading at 24:00, October 31th, 2017. September 4th, 2017, the People’s Bank of China and other seven ministries issued a notice on “the prevention of the risk of ICO”, requiring to terminate the ICO and the virtual-currency trading in China. September 15th, the Huobi China team officially received the notice and guidance of the regulatory authorities, and suspended registration and RMB recharging in the day.

The announcement of Huobi China shows that after business shut down, the Huobi website can still be accessed. though RMB trading is terminated, the user can withdraw yuan on the same process as before. Huobi China will provide free digital assets storage service, and users can store their digital assets on Huobi or withdraw at any time.

At the same time, Huobi will process all types of hard fork for users. Between RMB trading terminated and new business carried out, all types of split digital assets will be managed by Huobi Pro. If the Segwit2x processes successfully, users can get their Segwit2x chain split coins on Huobi Pro.

At present, services provided by Huobi include the following:

Huobi Pro, a digital asset trading platform for global traders;

Huobi Korea, a digital asset trading platform for Koreans;

Huobi China, a professional information and research service platform of blockchain;

Huobi USA, a platform will provide global investors digital assets trading service based on dollars after clearing out Chinese mainland users completively.

Huobi founder Li Lin said that, last month, WeChat and microblogging and other social media were filled with a variety of gossip about changes of the Chinese market. The 400 customer service hotline of Huobi China called all the day… In the face of the various external concerns and doubts, Huobi China team made quickly decisions and actively deal with this situation. Huobi China maintain a stable operation once again.

For this adjustment, Li Lin said, “In the past, Huobi is a benchmark of the digital asset industry in China. Now, the age of digital asset 1.0 has ended, Huobi will continue actively participating in and rewriting the pattern and development of the global digital assets industry.”